The Direxion Daily Magnificent 7 Bull 2x Shares (QQQU) and Bear 1x Shares (QQQD) are ETFs available on the New York Stock Exchange that aim to deliver double the daily performance or the inverse of the Magnificent 7 index, respectively. These funds allow active traders to magnify or inverse their exposure to leading tech companies like NVIDIA, META, Microsoft, and Amazon. They are designed for short-term trading by those with a high-risk tolerance. Investors are advised to thoroughly read the prospectus at Direxion.com to understand the risks associated with these leveraged funds.
